The wind turbine composites material market size was valued at USD 14.25 billion in 2024 and is expected to reach USD 25.55 billion by 2032, growing at a CAGR of 7.57% over the forecast period of 2025-2032.
The wind turbine composites material market analysis shows the demand for lightweight and stronger blade materials as one of the market's primary growth motivators. The trend towards larger and higher-power wind turbines in both onshore and offshore applications has greatly increased the need for materials to resist high mechanical loading while maintaining structural integrity. Lightweight composites, including glass fiber and carbon fiber, play an important role in reducing the total weight of the turbine, improving power efficiency, and performance of the blade. They allow for longer blades that also capture more wind to produce more power. Furthermore, their high strength-to-weight ratio leads to low transportation and installation costs, thus increasing their applicability to modern wind turbine design which drive the wind turbine composites material market growth.
In February 2023, DOE's Advanced Materials & Manufacturing Technologies Office issued a USD 30 million funding opportunity to spur the development of composite materials and additive manufacturing approaches for large wind turbine blades, including offshore designs.
Drivers
Increasing Demand for Lightweight, High-Strength Blade Materials Drives the Market Growth
The booming trend of bigger and efficient wind turbines, in particular offshore, has considerably boosted the consumption of composite materials such as glass fiber and carbon fiber. With superior stiffness relative to weight, these materials allow longer blades that produce more power with less stress on turbine parts. The use of lighter composites also simplifies transport and reduces installation costs. This change encourages for more energy efficiency, reduced LCOE (levelized cost of energy), as well as an extended lifetime. The use of composites is increasing as manufacturers and developers search for high-performance materials that can survive the most arduous conditions.
In October 2023, the US Department of Energy's (DOE) National Renewable Energy Laboratory (NREL), with IACMI, received USD 4.1 million in federal funding to support research that can help create lighter, longer wind turbine blades utilizing next-generation composite materials.
Restrain
High Manufacturing and Recycling Costs of Composite Materials May Hamper the Market Growth
Carbon fiber, in particular, is an energy-intensive process and requires complex molding techniques, making it an expensive material to produce, despite its performance advantages in wind turbines. In addition, traditional composites are hard and costly to recycle, which is a serious obstacle for their end-of-life management. As the industry faces growing sustainability scrutiny, the non-biodegradable waste from retired turbine blades has raised eyebrows. This impedes larger-scale use of composites, especially in price-sensitive regions or smaller projects. There are efforts toward touring, recyclable or bio-based substitutes, but this is still under evolution.
Opportunities
Innovation in Recyclable and Sustainable Composite Solutions Creates an Opportunity in the Market
There is a great opportunity with recyclable, bio-based, and thermoplastic composite materials that minimize environmental footprint but retain comparable mechanical performance. Tier one suppliers are investing in next-gen resin systems and modular blade designs to support circular economy objectives. This is especially since thousands of old turbines are facing retirement in the next 10 years. Utilizing green composites will enable wind projects to meet increasingly stringent environmental requirements and contribute to long-term sustainability, which drive the wind turbine composites material market trends.
In December 2024, the US DOE's Wind Energy Technologies Office funded USD 20 million in new investments in materials for recyclable wind turbine blade technologies that can facilitate a transition to a circular economy in composite design.
By Resin Type
Epoxy held the largest wind turbine composites material market share, around 52%, in 2024. It is owing to being responsive to mechanical properties, effective in adhesion, highly resistant to chemicals, and having excellent fatigue performance, which is a critical minimum requirement for construction of modern wind turbine blades. Plastic epoxies are typically combined with glass or carbon fibers to yield lightweight and high strength composites that are capable of withstanding extreme environmental conditions (i.e., temperature, humidity, and UV). They form strong, permanent bonds, making them ideal for the large turbine blades used in both onshore and offshore installations.
Polyester held a significant wind turbine composites material market share. It is due to cost-effectiveness, availability, and processing ease, polyester was a dominant segment for turbine blade production and among a major share in the overall wind turbine composites material market for structural and non-structural turbine components. Polyester resin, with lower mechanical strength and thermal resistance than epoxy, is a common resin type used in small to medium-sized turbine blades, nacelle covers, and other parts with moderate performance requirements.
By Fiber Type
Glass Fiber composites segment held the largest market share, around 68%, in 2024. It is due to the excellent combination of mechanical properties, low cost, manufacturing efficiency, and lightweight nature offered by glass fiber. Because of its good strength-to-weight ratio, corrosion resistance, and low cost, glass fiber is a common material used in producing wind turbine blades, nacelles, and other such structural components. The property is ideal for both onshore and offshore turbines, where the most important thing is that it focuses on durability and fatigue-oriented, which can make our end product last longer.
Carbon fiber has a significant market share in the wind turbine composites material market. It can be attributed to its high stiffness-to-weight ratio, high stiffness, and excellent fatigue resistance, which are key properties for the next generation of large high-performance wind turbine blades. With the need to utilize bigger wind turbines to harness increased amounts of energy, particularly in offshore settings, this has led to carbon fibre composites playing an ever-expanding role in the use of spar caps and load-bearing structures where minimization of mass and structural performance is of critical importance.
By Application
Blades segment held the largest market share, around 75%, in 2024.The growth in offshore methods has driven the need for longer, lighter turbine blades, made from advanced composites. Modern blades reach structural lengths of more than 80 meters which makes them one of the biggest structures built by mankind, and which in turn is driving the need for sustainable, well-performing materials that have to be permanent under extreme dynamic mechanical loading for decades. In addition to this, the global transition to renewable energy heralded by massive wind farm developments has continued to drive up blade production and cement this segment as the largest consumer of composites materials.
Nacelles held a significant market share in the wind turbine composites material market. It is because nacelles are crucial in the development of wind turbines as they house the major components of turbines, including the gearbox, generator, and drive train. These enclosures shall be not only lightweight but also rugged enough to safeguard inner systems against the impact of the surrounding environment, especially moisture, UV, and mechanical stress, since it is common to have offshore and high-altitude installations. For nacelle construction, composite materials, especially fiberglass, are used owing to their anti-corrosive nature, easy molding to complex shapes, and reduced weight for the complete nacelle while maintaining its strength.
Asia Pacific wind turbine composites material market held the largest market share, around 38%, in 2024. It is owing to rapid industrialization, growing renewable energy targets, and large-scale wind power installations in countries such as China, India, and Japan. It has significant government backing, lower-cost manufacturing, and investment in offshore wind. Countries like China are taking the lead in global wind energy development, both onshore and offshore. This leadership is supported by advancements in cutting-edge composite materials, which enable the production of increasingly larger turbine blades. These innovations contribute significantly to cost efficiencies, reinforcing the region’s dominant position in the global wind energy market.
In 2024, China commissioned 39 GW of new offshore wind projects continuing to lead the world in new wind capacity additions and strengthening the need for higher-performance composites in blades, nacelles, and more.
North America wind turbine composites material market held a significant market share and is the fastest-growing segment in the forecast period. It is due to strict renewable energy policies, growing installations of wind power, and a well-established base of manufacturing. The blistering pace of clean energy development in the region has led to investments in wind farms and domestic component manufacturing in both the U.S. and Canada. Advanced technology dissemination in composite fabrication and increased interest in energy independence from the North American power infrastructure are important drivers in the utilization of local wind turbine components made from high-performance composites, primarily blades and nacelles.
The U.S. wind turbine composites material market size was USD 2.84 billion in 2024 and is expected to reach USD 5.44 billion by 2032 and grow at a CAGR of 8.44% over the forecast period of 2025-2032. The U.S. was the leader of the North American market, supported by federal clean energy legislation like the Inflation Reduction Act (IRA), which drives tax credits and incentives for wind energy development and domestic manufacturing. This has resulted in a dramatic increase in manufacturing capacity for composite blade materials components such as turbine blades, towers, and nacelles. Manufacturers in the U.S. are investing in automation and sustainable composite technologies to meet demand and reduce dependency on imported parts.
In April 2024, several U.S.-based manufacturers of wind components announced they would expand factories to take advantage of tax credits linked to the IRA in order to help reach the national goal of doubling offshore and onshore wind installations by 2030.
Europe held a significant market share in the forecast period. It is owing to its aggressive carbon neutrality goals and accelerated offshore wind expansion. With the EU mandating clean energy growth, anticipation for lightweight, durable composites in turbine componentry demands high attention. Germany, the UK, and the Netherlands are spearheading the utilization and development of offshore wind investments, infrastructure, and the emphasis on the use of recyclable and eco-efficient composite consumption
In April 2025, a US private equity firm secured a €1 billion buy-out of Norwegian offshore wind installation firm Havfram, highlighting investor confidence in not only Europe’s offshore wind growth but also the supply chain for composite-intensive turbine systems.
The major wind turbine composites material companies are TPI Composites, Hexcel Corporation, Teijin Limited, Toray Industries, LM Wind Power, Vestas Wind Systems, Siemens Gamesa Renewable Energy, Gurit Holding, Suzlon Energy, and Mitsubishi Chemical.
In February 2025, BodoMoller Chemie & DowAksa signed a strategic alliance agreement concerning advanced carbon fiber composites supply, including fabrics and prepregs, to maximize the performance and durability of blades.
In June 2024, DowAksa Ileri Kompozit secured a USD 300million, four-year supply agreement with global leader Vestas Wind Systems to provide advanced composite materials for wind turbine blades.
| Report Attributes | Details |
|---|---|
| Market Size in 2024 | USD14.25 Billion |
| Market Size by 2032 | USD 25.55 Billion |
| CAGR | CAGR of7.57% From 2025 to 2032 |
| Base Year | 2024 |
| Forecast Period | 2025-2032 |
| Historical Data | 2021-2023 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Resin Type (Epoxy, Polyester, Vinyl Ester) • By Fiber Type (Glass Fiber, Carbon Fiber) • By Application (Blades, Nacelles, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, Poland, Turkey, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | TPI Composites, Hexcel Corporation, Teijin Limited, Toray Industries, LM Wind Power, Vestas Wind Systems, Siemens Gamesa Renewable Energy, Gurit Holding, Suzlon Energy, Mitsubishi Chemical. |
Ans: The market was valued at USD 13.25 billion in 2024 and is projected to grow at a CAGR of around 7.57% from 2025 to 2032.
Ans Glass fiber and epoxy resin dominate the market due to their high strength-to-weight ratio, cost-effectiveness, and wide application in blades and nacelles.
Ans The rise in wind energy installations, demand for lighter, durable blade materials, and supportive government policies for renewable energy.
Ans Asia-Pacific held the largest market share, driven by large-scale installations and manufacturing capacity.
Ans Challenges include high manufacturing and recycling costs of composites, supply chain constraints, and limited recyclability of traditional materials.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Utilization by Country, By Fiber Type, 2024
5.2 Feedstock Prices by Country and Type, 2024
5.3 Regulatory Impact by Country and By Fiber Type 2024.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives by Region
5.5 Innovation and R&D, Type, 2024
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new Product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Wind Turbine Composites Material Market Segmentation by Resin Type
7.1 Chapter Overview
7.2 Epoxy
7.2.1 Epoxy Market Trends Analysis (2021-2032)
7.2.2 Epoxy Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Polyester
7.3.1 Polyester Market Trends Analysis (2021-2032)
7.3.2 Polyester Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Vinyl Ester
7.4.1 Vinyl Ester Market Trends Analysis (2021-2032)
7.4.2 Vinyl Ester Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Wind Turbine Composites Material Market Segmentation By Fiber Type
8.1 Chapter Overview
8.2 Glass Fiber
8.2.1 Glass Fiber Market Trend Analysis (2021-2032)
8.2.2 Glass Fiber Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Carbon Fiber
8.3.1 Carbon Fiber Market Trends Analysis (2021-2032)
8.3.2 Carbon Fiber Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Wind Turbine Composites Material Market Segmentation By Application
9.1 Chapter Overview
9.2 Blades
9.2.1 Blades Market Trends Analysis (2021-2032)
9.2.2 Blades Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Nacelles
9.3.1 Nacelles Market Trends Analysis (2021-2032)
9.3.2 Nacelles Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Others
9.4.1 Others Market Trends Analysis (2021-2032)
9.4.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Wind Turbine Composites Material Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
10.2.3 North America Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.2.4 North America Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.2.5 North America Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.2.6.2 USA Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.2.6.3 USA Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.2.7.2 Canada Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.2.7.3 Canada Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.2.8.2 Mexico Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.2.8.3 Mexico Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.3 Europe
10.3.1 Trends Analysis
10.3.2 Europe Wind Turbine Composites Material Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
10.3.3 Europe Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.4 Europe Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.3.5 Europe Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.3.6 Germany
10.3.1.6.1 Germany Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.1.6.2 Germany Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.3.1.6.3 Germany Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.3.7 France
10.3.7.1 France Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.7.2 France Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.3.7.3 France Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.3.8 UK
10.3.8.1 UK Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.8.2 UK Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.3.8.3 UK Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.3.9 Italy
10.3.9.1 Italy Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.9.2 Italy Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.3.9.3 Italy Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.3.10 Spain
10.3.10.1 Spain Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.10.2 Spain Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.3.10.3 Spain Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.3.12 Poland
10.3.12.1 Poland Wind Turbine Composites Material Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
10.3.12.1 Poland Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.12.3 Poland Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.3.12.3 Poland Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.3.13 Turkey
10.3.13.1 Turkey Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.13.2 Turkey Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.3.13.3 Turkey Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.3.14 Rest of Europe
10.3.14.1 Rest of Europe Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.14.2 Rest of Europe Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.3.14.3 Rest of Europe Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.4 Asia-Pacific
10.4.1 Trends Analysis
10.4.2 Asia-Pacific Wind Turbine Composites Material Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
10.4.3 Asia-Pacific Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.4.4 Asia-Pacific Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.4.5 Asia-Pacific Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.4.6.2 China Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.4.6.3 China Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.4.7.2 India Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.4.7.3 India Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.4.8.2 Japan Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.4.8.3 Japan Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.4.9.2 South Korea Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.4.9.3 South Korea Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.4.10 Singapore
10.4.10.1 Singapore Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.4.10.2 Singapore Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.4.10.3 Singapore Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.4.11 Australia
10.4.11.1 Australia Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.4.11.2 Australia Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.4.11.3 Australia Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.4.12 Rest of Asia-Pacific
10.4.12.1 Rest of Asia-Pacific Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.4.12.2 Rest of Asia-Pacific Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.4.12.3 Rest of Asia-Pacific Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Trends Analysis
10.5.2 Middle East and Africa East Wind Turbine Composites Material Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
10.5.3 Middle East and Africa Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.5.4 Middle East and Africa Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.5.5 Middle East and Africa Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.5.6 UAE
10.5.6.1 UAE Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.5.6.2 UAE Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.5.6.3 UAE Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.5.7 Saudi Arabia
10.5.7.1 Saudi Arabia Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.5.7.2 Saudi Arabia Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.5.7.3 Saudi Arabia Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.5.8 Qatar
10.5.8.1 Qatar Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.5.8.2 Qatar Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.5.8.3 Qatar Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.5.9 South Africa
10.5.9 1 South Africa Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.5.9 2 South Africa Wind Turbine Composites Material Market Estimates and Forecasts By Fiber Type (2021-2032) (USD Billion)
10.5.9 3 South Africa Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.5.10 Rest of Middle East & Africa
10.5.10.1 Rest of Middle East & Africa Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.5.10.2 Rest of Middle East & Africa Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.5.10.3 Rest of Middle East & Africa Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Wind Turbine Composites Material Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
10.6.3 Latin America Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.6.4 Latin America Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.6.5 Latin America Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.6.6.2 Brazil Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.6.6.3 Brazil Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.6.7.2 Argentina Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.6.7.3 Argentina Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10.6.8 Rest of Latin America
10.6.8.1 Rest of Latin America Wind Turbine Composites Material Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.6.8.2 Rest of Latin America Wind Turbine Composites Material Market Estimates and Forecasts, By Fiber Type (2021-2032) (USD Billion)
10.6.8.3 Rest of Latin America Wind Turbine Composites Material Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
12. Company Profiles
12.1 TPI Composites
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.2 Hexcel Corporation
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.3 Teijin Limited
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.4 Toray Industries
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.5 LM Wind Power
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.6 Vestas Wind Systems
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.7 Siemens Gamesa Renewable Energy
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.8 Gurit Holding
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.9 Suzlon Energy
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.10 Mitsubishi Chemical
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments
By Resin Type
Epoxy
Polyester
Vinyl Ester
By Fiber Type
Glass Fiber
Carbon Fiber
By Application
Blades
Nacelles
Others
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Regional Coverage:
North America
US
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Poland
Turkey
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players